MortgagesNew Michigan Foreclosure Laws Effective July 5, 2009 By Charles R. Harroun Attorney at Law Jul 6, 2009, 06:43 The New Michigan Foreclosure Laws give Michigan homeowners approaching foreclosure a 90-day window to remain in their “primary residence” and potentially work out a resolution with their lender. These new laws are intended to help financially […]

BankruptcyFalse Financial Statements = Nondischargeable Judgment By Charles R. Harroun, Attorney at Law Feb 29, 2004, 04:20 FALSE FINANCIAL STATEMENTS RESULT IN NONDISCHARGEABLE JUDGMENT AGAINST DEBTOR In the cases of Pittsburgh Police Federal Credit Union and Allegheny County No. 1 Federal Credit Union v. Eric Lundy (U.S. Bkcy Court, W.D. Pennsylvania, Case Nos. 93-21173-BM & […]

BankruptcyFalse Financial Statements = Nondischargeable Debt By Charles R. Harroun, Attorney at Law Feb 29, 2004, 06:01 NONDISCHARGEABILITY: FALSE FINANCIAL STATEMENTS Here, in In re Watson (C.A. 10 [Okl.], 1992, WL 37668), debtor was introduced to a bank by a known customer, who had an ongoing relationship with the bank, and the known customer verbally […]

BankruptcyCourt Denies Reopening of Bankruptcy Case By Charles R. Harroun, Attorney at Law Feb 29, 2004, 06:13 COURT DENIES REOPENING OF BANKRUPTCY TO INCLUDE ADDITIONAL CREDITORS Debtors filed a Chapter 7 bankruptcy, were discharged and the case closed. Slightly more than one year after the case was closed, debtors submitted a motion to reopen the […]

BankruptcyCredit Card Debts in Bankruptcy By Charles R. Harroun, Attorney at Law Feb 29, 2004, 06:43 CREDIT CARD CHARGES AND DISCHARGEABILITY IN BANKRUPTCY Debtor, Joseph Mickel, applied for and received a Visa credit card from Bethpage Federal Credit Union with a credit limit of $1,000. Within a six month period, charges were incurred on the […]

MortgagesU.S. supreme Court Denies Cram Down By Charles R. Harroun, Attorney at Law Feb 29, 2004, 07:47 U.S. SUPREME COURT DENIES CRAM DOWN ON HOMESTEAD MORTGAGE Various courts across the country have been issuing conflicting opinions as to whether a Chapter 13 debtor could repay a secured mortgage on his/her residence by classifying the loan […]

Credit Union Legal NewsCredit Union Check Cashing Scam By Feb 29, 2004, 11:00 COUNTERFEIT CHECK CASHING SCAM THREATENS CREDIT UNIONS National Credit Union Administration [NCUA] officials warn credit unions to be on the lookout for counterfeit check cashing scams. Two cases recently turned up at southern California credit unions. Todays sophisticated desktop publishing makes it […]

BankruptcySanctions Assessed Against Credit Union & its Attorney By Charles R. Harroun, Attorney at Law Feb 29, 2004, 19:58 SANCTIONS ASSESSED AGAINST CREDIT UNION AND ITS ATTORNEY An Ohio court awarded $15,000 against a credit union and its attorney, as well as ordering the credit union to pay debtor’s attorney fees in excess of $7,000. […]

Credit Union Legal NewsNCUA Limits on Member’s Deposit Insurance By Charles R. Harroun, Attorney at Law Feb 29, 2004, 20:12 NCUA BOARD LIMITS CREDIT UNION’S MEMBER’S DEPOSIT INSURANCE TO $100,000 In Waukesha State Bank et al. v. National Credit Union Administration Board (U.S. Court of Appeals, Dist. of Columbia Cir., No. 91-1285), decided June 23, […]

BankruptcyChapter 13 Plan may only include Necessary Expenses By Charles R. Harroun, Attorney at Law Feb 29, 2004, 20:51 CHAPTER 13 PLAN MAY ONLY INCLUDE NECESSARY EXPENSES In the case of In re Vincent Rybicki, 138 B.R. 225 (1992), the debtor included in his Chapter 13 bankruptcy repayment plan a monthly payment of $140.00 for […]